New York State Teachers Retirement System lowered its position in shares of Hub Group Inc. (NASDAQ:HUBG) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 101,571 shares of the company’s stock after selling 700 shares during the period. New York State Teachers Retirement System’s holdings in Hub Group were worth $3,897,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HUBG. Mariner Wealth Advisors LLC acquired a new stake in shares of Hub Group during the first quarter worth approximately $327,000. Bogle Investment Management L P DE acquired a new stake in shares of Hub Group during the first quarter worth approximately $1,249,000. Goldman Sachs Group Inc. increased its stake in shares of Hub Group by 194.3% in the first quarter. Goldman Sachs Group Inc. now owns 121,220 shares of the company’s stock worth $4,945,000 after buying an additional 80,028 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in shares of Hub Group during the first quarter worth approximately $4,019,000. Finally, State Street Corp increased its stake in shares of Hub Group by 6.5% in the first quarter. State Street Corp now owns 886,996 shares of the company’s stock worth $36,178,000 after buying an additional 54,164 shares during the last quarter. 95.85% of the stock is owned by institutional investors.
Hub Group Inc. (NASDAQ:HUBG) traded down 0.10% during trading on Friday, hitting $40.57. The stock had a trading volume of 216,319 shares. The company has a 50-day moving average price of $40.89 and a 200-day moving average price of $39.89. Hub Group Inc. has a 52-week low of $28.19 and a 52-week high of $43.51. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 17.70 and a beta of 1.09.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Hub Group had a return on equity of 13.34% and a net margin of 2.34%. The firm had revenue of $855.60 million for the quarter, compared to analysts’ expectations of $881.40 million. During the same period in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. Equities research analysts forecast that Hub Group Inc. will post $2.29 EPS for the current year.
A number of research firms have issued reports on HUBG. Barclays PLC raised their target price on Hub Group from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Monday, September 12th. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of Hub Group in a research report on Wednesday, July 27th. Cowen and Company began coverage on Hub Group in a research report on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 target price for the company. Finally, Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.00.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents who enter into contractual arrangements with Mode LLC.
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